Sell to 112.61 | 16 March 2016
16 March 2016, USD/JPY
Daily chart: undirected flat is in range 112.08-114.45. ADX hadn’t get into trend zone but it is turn upwards so we should be attentive with this indicator in zone above "30" and we can compare this information with price direction.
Н4: pair has locally pressed in bottom Bollinger Envelope (range 112.27-113.49). ADX is inactive so the movement could be undirected with some advantages of sellers.
Н1: locally we can see very active ADX, so the main expectation is new decrease wave to 112.61 (bottom Bollinger line).
Expectation: decrease from current levels to 112.61.
Trading decisions: sell from 113.17 to 112.61
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
